NOT LISTED FOR SALE

501 E Illinois Ave Peoria, IL 61603

West Bluff Neighborhood

Estimated Value: $72,000 - $110,000

4 Beds
3 Baths
2,284 Sq Ft
$38/Sq Ft Est. Value

Last Sold August 01, 2016

Last sale price $46,000 $20 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $609/month

757 Days on Market

About This Home

As of August 2016

Great opportunity. Clean and well maintained large home with two rental units (upper and lower). Huge attic with lots of possibilities. Unit 1 has 2 bedrooms, 1.5 baths and Unit 2 has 2 bedrooms, 1 bath. Each unit has full kitchen with stove and refrigerator. Updated areas throughout. Each unit is move in ready!

Last Agent to Sell the Property

Wayne Thomas

Heritage Premier Realty License #475114028 Listed on: 06/11/2014

Last Buyer's Agent

Mike Madanat

RE/MAX Traders Unlimited License #475166752

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,850

Year Built

  • Built in 1900

Lot Details

  • 5,009

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Schools

  • Glen Oak Elementary School
  • Peoria High School

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,850

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 2+ Story
  • Legal Description: NE 1/4 SEC 4-8-8E S 100' Lot 7, Blk 2
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Price Per Sq Ft: 20.14
  • Total Sq Ft: 2284

Exterior Features

  • Exterior: Composition Siding
  • Road Access: Paved

Garage/Parking

  • Number Parking Spaces: 4

Utilities

  • Heating Cooling: Forced Air, Gas, 2+ Cooling Systems, Central Air
  • Water Sewer: Public Sewer, Public Water

Schools

  • Elementary School: Glen Oak
  • High School: Peoria High

Lot Info

  • Estimated Lot Size: 50x100
  • Lot Description: Corner
  • Subdivision: Smith Fryes
  • Geo Subdivision: IL

Rental Info

  • Gross Annual Rent Income: 19800
  • Lease Information: 1 Year

Tax Info

  • Annual Taxes: 1849.98
  • Parcel Id Number Tax Id: 18-04-230-029
  • Tax Year: 2015

Multi Family

  • Total Number Units: 2
  • Gross Annual Income: 19800
  • Total Number Central Air Units: 1
  • Total Number Electric Meters: 1
  • Total Number Gas Meters: 1
  • Total Number Heating Units: 2
  • Total Number Water Heaters: 2
  • Total Number Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 28, 2023
Sold by
Sowers Tom and Sowers Guyla
Bought by
Hernandez Jose Adilio Flore
Current Estimated Value
$87,076

Purchase Details

Listed on
Jun 11, 2014
Closed on
Aug 1, 2016
Sold by
Boulton Dan A and Boulton Jane L
Bought by
Sowers Elijah and Sowers Tom
Seller's Agent
Wayne Thomas
Heritage Premier Realty
Buyer's Agent
Mike Madanat
RE/MAX Traders Unlimited
List Price
$52,000
Sold Price
$46,000
Premium/Discount to List
-$6,000
-11.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.00%
Original Mortgage
$36,800
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2004
Bought by
Boulton Dan A and Boulton Jane L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hernandez Jose Adilio Flore $72,000 None Listed On Document
Sowers Elijah $46,000 Attorney Only
Boulton Dan A $16,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sowers Elijah $36,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2016 08/01/16 Sold $46,000 -11.5% $20 / Sq Ft
07/07/2016 07/07/16 Pending -- -- --
06/11/2014 06/11/14 For Sale $52,000 -- $23 / Sq Ft
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,857 $20,530 $2,040 $18,490
2023 $1,021 $16,850 $1,870 $14,980
2022 $810 $14,400 $1,740 $12,660
2021 $768 $13,720 $1,660 $12,060
2020 $760 $13,580 $1,640 $11,940
2019 $782 $13,850 $1,670 $12,180
2018 $775 $13,960 $1,790 $12,170
2017 $795 $14,100 $1,810 $12,290
2016 $1,346 $14,100 $1,810 $12,290
2015 $1,562 $13,820 $1,770 $12,050
2014 $1,562 $16,640 $1,860 $14,780
2013 -- $16,840 $1,880 $14,960
Source: Public Records

Agents Affiliated with this Home

  • Wayne Thomas

    Seller's Agent in 2016

    Wayne Thomas

    Heritage Premier Realty

    (309) 303-1063

    2 in this area

    11 Total Sales

    Wayne Thomas
    Section Image

  • M

    Buyer's Agent in 2016

    Mike Madanat

    RE/MAX

See All Agents

Map

Source: RMLS Alliance

MLS Number: RMAPA1153656

RMLS Alliance

APN: 18-04-230-029

Illinois Peoria County Peoria 61603 West Bluff

501 E Illinois Ave, Peoria, IL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes